Oakley Capital Raises Continuation Fund to Extend Partnership with IU Group
May 17, 2023
Oakley Capital has raised a continuation fund, backed by investors including TPG GP Solutions, HarbourVest Partners, Goldman Sachs Asset Management, Glendower Capital and Pantheon, to acquire IU Group alongside Oakley Capital Fund V from Oakley Capital Fund III. The transaction is a continuation/recapitalization that extends Oakley's partnership with IU's management to support further international expansion, technology (AI) investment and continued growth in the online higher-education market.
- Buyers
- Oakley Capital, Oakley Capital Fund V, TPG GP Solutions, HarbourVest Partners, Goldman Sachs Asset Management, Glendower Capital, Pantheon
- Targets
- IU Group
- Sellers
- Oakley Capital Fund III
- Industry
- Education
- Location
- Bavaria, Germany
- Transaction Type
- Recapitalization
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